Musical America is the oldest American magazine on classical music, first appearing in 1898 in print and in 1999 online, at musicalamerica.com. It is published by Performing Arts Resources, LLC, of East Windsor, New Jersey.

Musical America's first issue was on October 8, 1898. Its founder was John Christian Freund (1848–1924), who with Milton Weil, also founded The Music Trades magazine in 1893. Thirty-six issues appeared until June 24, 1899, covering music, drama, and the arts. In 1899 the publication was discontinued for six years due to a lack of financial resources. It reappeared as a weekly from November 18, 1905, until 1929, solely focusing on classical music. In 1921 Musical America published the first "Guide," which later evolved into the International Directory of the Performing Arts, now the Musical America Directory.

After John Freund died in 1924, Milton Weil who had been Freund's business partner continued the publication. In June 1927, Musical America consolidated with five other prominent trade publications to form a new company named Trade Publications, Inc., headed by Walter Howey and Verne Hardin Porter (1888–1942). Included were its sister publication, The Music Trades, and The American Architect, The Barbers' Journal, Beauty Culture, and Perfumers' Journal. Shields & Company was the investment banking firm that handled the consolidation. Musical America subsequently began diversifying with articles about jazz, dance, radio, and records.

Trade Publications, Inc., filed for bankruptcy in 1929; and, in a bankruptcy sale on July 19, 1929, John Majeski, Weil's former assistant, purchased four of the six magazines for $45,200: (i) Musical America, (ii) The Music Trades, (iii) The Barbers' Journal, and (iv) Beauty Culture.

After some 30 years of relative stability, effective January 1, 1960, John Majeski retired and sold Musical America and The Music Trades to Music Publications, Ltd., a newly formed corporation headed by two editors from Musical America, Theodate Johnson (1907–2002) and Ronald Eyer. Johnson, sister of the architect, Philip Johnson, continued as director of artists relations and Eyer continued as editor-in-chief.

In 1964, Music Publications, Ltd. sold the magazine and the annual directory to High Fidelity magazine, a subsidiary of Billboard Publications, the owners of Billboard magazine. High Fidelity incorporated the newly acquired publication as an additional insert inside certain editions of High Fidelity that were mailed to subscribers who had paid an additional fee. During this time, the Musical America was not available in the copies of High Fidelity that were sold at newsstands, but only in certain copies available only by subscription. This business arrangement continued after High Fidelity was sold to ABC Consumer Magazines in 1974.

ABC continued this publishing arrangement until 1986 when ABC decided it needed to revive Musical America as a separate monthly publication (which later became bimonthly) to fight back against the loss of readership caused by the founding of a new competing classic music publication by a James R. Oestreich called Opus. Oestreich was a former High Fidelity classic music editor who was fired in 1983 for protesting the cutbacks in classic music coverage in High Fidelity/Musical America. In protest to Oestreich dismissal, several noted classic music editors resigned in mass to eventually join Oestreich at his new publication.

The reintroduction of the first separate issue of Musical America in 1987 was mishandled by ABC since ABC did not provide copies for distribution at newsstands in many major cities. Although Musical America's tenure at ABC was not very impressive, it avoided High Fidelity's fate of being sold to Diamandis and remained with ABC until 1991 when it was sold to media investor Gerry M. Ritterman. During most of this time, Shirley Fleming served as the magazine's editor from 1967 to 1991.